This page has been archived and commenting is disabled.

Frontrunning: February 4

Tyler Durden's picture




 
  • Fed Denies Policy Is Causing Food Rises (FT)
  • Pressure mounts on Mubarak to go (FT)
  • Algeria to Lift Limits on Liberty (WSJ)
  • Merkel Turns Crisis into Opportunity to Reshape Euro Zone (Bloomberg)
  • And finally, it is mainstream: Rising Commodities Put Profits Through the Wringer (Barrons)
  • Storm Battered Australian Coast (WSJ)
  • Boeing Loses Half of Dubai Aerospace Order for 737-Model Jets (Bloomberg)
  • Virginia to Ask Supreme Court to Rule on Health Law (NYT)
  • Are the ultra rich starting to spend less: LVMH Falls After 2010 Operating Profit Trails Estimate (Bloomberg)
  • Wider Powers For Eurozone Bail-out Fund (FT)
  • ECB’s Nowotny Lets ‘Cat Out of Bag’ With 2012 Inflation Forecast (Bloomberg)
  • China Eyes U.S. Defense Contracts (WSJ)
  • From 1983, Hope for Jobs in 2011 (NYT)
  • Julius Baer Data Used by WikiLeaks for Assault on Bank Secrecy (Bloomberg)

 

European Economic Highlights:

  • Italy CPI (NIC incl. tobacco) for January 0.4% m/m 2.1% y/y– higher than expected.Consensus 0.3% m/m 2.0% y/y. Previous 0.4% m/m 1.9% y/y.
  • Italy CPI - EU Harmonized for January -1.2% m/m 2.4% y/y– higher than expected. Consensus -1.3% m/m 2.2% y/y. Previous 0.4% m/m 2.1% y/y.
  • Switzerland Foreign Currency Reserves for January 207.9B– higher than expected.Previous 202.6B.
  • UK Halifax House Price 3Mths/Year -2.4%- higher than expected.Consensus -3.0%. Previous -1.6%
  • UK Halifax House Prices sa 0.8% m/m– higher than expected.Consensus -0.3% m/m. Previous -1.3% m/m
  • UK New Car Registrations -11.5% y/y. Previous -18.0%.
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 02/04/2011 - 09:16 | 934225 papaswamp
papaswamp's picture

China Eyes U.S. Defense Contracts (WSJ)

"BEIJING—The maker of China's new stealth fighter jet has teamed up with a tiny, unprofitable California company to try to launch bids for U.S. defense contracts, possibly including one to supply Chinese helicopters to replace the aging Marine One fleet used by the president, according to people involved in the partnership."

Can we get any more stupid?

Fri, 02/04/2011 - 09:21 | 934238 HelluvaEngineer
HelluvaEngineer's picture

I've decided that these decisions are so insane that they must be deliberate.

Fri, 02/04/2011 - 09:31 | 934270 mick_richfield
mick_richfield's picture

That's wisdom.  One of the first lessons of strategy (or the last, depending on how lucky you are) is to not assume that your enemy is stupid.

 

 

And...Fed delenda est.

Fri, 02/04/2011 - 09:57 | 934414 mick_richfield
mick_richfield's picture

OK, so I just contradicted the great Einstein.  I still have the greatest respect for his famous proof that "Time is Money".

Fri, 02/04/2011 - 09:21 | 934239 tonyw
tonyw's picture

“Two things are infinite: the universe and human stupidity; and I'm not sure about the the universe.” Albert Einstein

There's your answer.

They'll steal your IP and sell you back cheaper trinkets until you have nothing left and they own everything.

Fri, 02/04/2011 - 09:25 | 934253 cosmictrainwreck
cosmictrainwreck's picture

Well, let's see....hmmm.... probably will. Just wait a day or two for the next dose of insanity. Remember way back in 1990's: rumors of Clinton complicty in Chinese buying/stealing defense data? What ever happened to that BTW? Swept under the rug with all the other: Monica & impeachment & etc etc?

Fri, 02/04/2011 - 09:30 | 934264 EscapeKey
EscapeKey's picture

Newly declassified documents show that President Bill Clinton personally approved the transfer to China of advanced space technology that can be used for nuclear combat.

http://archive.newsmax.com/archives/articles/2003/9/29/25139.shtml

Anyone who thinks this is a Democrat/Republic issue, and not a systemic one, needs to get off his prescription drugs.

Fri, 02/04/2011 - 10:04 | 934443 cosmictrainwreck
cosmictrainwreck's picture

also the NON-Rx ones, like the hopium & weed & crack & etc

Fri, 02/04/2011 - 09:29 | 934260 EscapeKey
EscapeKey's picture

The great news is that all spare parts from the old Marine One helicopters will fit right into the Chinese made ones.

Fri, 02/04/2011 - 12:19 | 934968 Urban Roman
Urban Roman's picture

+100 ball bearings made out of recycled rebar

Fri, 02/04/2011 - 09:20 | 934236 Oh regional Indian
Oh regional Indian's picture

Boeing losing orders. Now that is something to watch. A low cost carrier in India (Indigo) placed an order worth some 15 billion USD over the next 15 years for a few hundred jets. How in the heck can you take such stuff seriously? Seriously.

All smoke and mirrors and everyone gets to draw big bonuses.

And when Oil hits 200 USD (todays value, not hyperinflated) who is going to be flying? 

I guess gubbermints around the world will pass on free flight coupons to keep extending and pretending.

ORI

http://aadivaahan.wordpress.com/2011/01/31/then-again-people-choose-yoga-over-gurdjieff/

Fri, 02/04/2011 - 09:22 | 934245 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Go Baltic Dry! Next week is the week we test 1k!

Will the Bernank be able to pull off a DOW 10k style stick save?

Fri, 02/04/2011 - 09:26 | 934252 MarketFox
MarketFox's picture

Bernanke suggests his monetary policy has nothing to do with Food Inflation worldwide ?

.........

???????????????????

 

Fri, 02/04/2011 - 09:43 | 934340 Sudden Debt
Sudden Debt's picture

 The Snow DID IT!

Fri, 02/04/2011 - 10:25 | 934534 AnAnonymous
AnAnonymous's picture

Bernanke suggests his monetary policy has nothing to do with Food Inflation worldwide ?

 

Could you picture this: Bernanke, straight on his feet: " The Fed policy that I've designed has forced the food price to go up."

This answers to your question. This kind of self admission is not possible.

And the Fed can not afford not to deny the effects of its monetary policies.

Fri, 02/04/2011 - 09:30 | 934263 firstdivision
firstdivision's picture

Holy crap that was a weak number.  Of course it was snow related...but the unemployment number dropping to 9% was due to the great work of the administration.

Fri, 02/04/2011 - 09:39 | 934316 Sudden Debt
Sudden Debt's picture

Fed Denies Policy Is Causing Food Rises

True, it's because the other country aren't playing ball enough and fucking up things even more.

KALIMERO BITCHEZ!!

Fri, 02/04/2011 - 10:08 | 934463 satansanus
satansanus's picture

Ill join all you fucked up gloomers and spew doom when there is no more dirt left on earth and the sun stop shining. Till then most of you seem completely out of touch with the fact that SHIT HAS ALLWAYS BEEN FUCKED UP POLITICLY and

"NONE of them can stoppa the time"

Fri, 02/04/2011 - 10:26 | 934540 satansanus
satansanus's picture

maybe we should all go gay and wear trenchoats. Then it really will be the end of humanity.

Fri, 02/04/2011 - 10:27 | 934541 satansanus
satansanus's picture

OR we can do the best with what we have and spread love and shit like that

Fri, 02/04/2011 - 11:45 | 934840 Grand Supercycle
Grand Supercycle's picture

As mentioned numerous times, EURO downside and USD upside will keep recurring.

Please be careful as it should affect commodity prices.

http://stockmarket618.wordpress.com

Do NOT follow this link or you will be banned from the site!